Stories
Ravita Engineering Services Limited IPO to Open on October 13, 2026
N
News18•13-10-2026, 11:30
Ravita Engineering Services Limited IPO to Open on October 13, 2026
- •Ravita Engineering Services Limited is launching its initial public offering to raise up to 116.05 Crore rupees at the upper price band, targeting a listing on the NSE Emerge platform.
- •The issue consists of 1,03,62,000 equity shares with a face value of 5 rupees each, set within a price band of 105 to 112 rupees per share.
- •Proceeds from the IPO will be utilized for long-term working capital requirements, funding capital expenditure for heavy equipment, and general corporate purposes.
- •The company specializes in EPIC and O&M solutions for HVAC systems, temperature-control systems, and electro-mechanical equipment across onshore, offshore, and data centre segments.
- •Vivro Financial Services Private Limited is acting as the book running lead manager, while MUFG Intime India Private Limited is the registrar to the issue.
Key Questions Answered
The Ravita Engineering Services Limited IPO aims to raise ₹116.05 crore with a price band set at ₹105 to ₹112 per share, comprising 1,03,62,000 equity shares at a face value of ₹5 each.
The anchor bidding for the IPO took place on October 12, 2026, while the public issue opens on October 13, 2026, and closes for subscription on October 15, 2026.
The net proceeds from the IPO will be utilized to fund long-term working capital requirements, cover capital expenditure for purchasing heavy equipment, and support general corporate purposes.
